Amritybhav

Indian Economy On The Eve Of Independence |Chapter -1 |Short Notes| CBSE |Class-12 Previous Content 7. OCCUPATIONAL STRUCTURE ON THE EVE OF INDEPENDENCE- Occupational structure refers to distribution of working population across primary, secondary and tertiary sectors of the economy.  1) Agriculture:  The Principal Source of Occupation: On the eve of independence. about 72.7% of working population was engaged in agriculture. Percentage of population dependent on agriculture is much less in advanced countries of the world. This establishes backwardness of the Indian economy at the time of independence.  2) Industry:  An insignificant Source of occupation: On the eve of independence, barely 9% of the  working population in India was engaged in manufacturing industries, mining. etc.  It further proves how backward the Indian economy was at the time of independence. 3) Unbalanced Growth: Growth is said to be balanced when all sectors of the economy are equally...

Indian Economy On The Eve Of Independence |Chapter -1 |Short Notes| CBSE |Class-12 Previous Content 4. INDUSTRIAL  SECTOR ON THE EVE OF INDEPENDENCE:  Systematic de-industrialisation describes status of industrial sector during the British rule. It implied two thing. A) Decay of world famous traditional handicraft industry  B)Bleak growth of modern industry owing Iack of investment opportunities.  Decay of Handicrafts : British Raj contributed to decay of Indian Handicraft: (1) Discriminatory Tariff Policy: The British found India as the best source of raw material as well as the best market for their industrial products It allowed: (I) tariff free export of raw material from India, and (ii) free import of British industrial products into India. But at the same time, heavy duty was placed on the export of Indian handicraft products which reduced their competitiveness In the international market. The Indian handicraft products started losing their domestic as well as...

Human Being can be awakened through understanding and love. The Rattrap Peddle thought that whole world is like a rattrap. In a rattrap, the rat is caught when is attracted to the bait and tries to eat it. In the same way, the world sets baits for people. These baits are riches, joys, shelter, food and clothing. When a person tempted towards these baits, he is caught like a rat. The Rattrap peddler notice a little grey cottage by roadside. He knocked at the door, an old man welcomed him. He was a crofter without wife and children. The old man fed the peddler and played a game of cards with him until bedtime. The old man told him that he had been a crofter at Ramsjo Ironwork.  Now he earned his living by selling his cow’s milk. The old man show thirty kronor( currency) which he kept in leather pouch hung on nail in the window fame. The peddler stole the money.Initially   he was happy to get the money but soon the rattrap began to work. He feared detection and avoided the high...

 Previous Chapters 11)       Mr. Cuss and Mr. Bunting are looking through Invisible Man’s thing but they do not understand, what is written as they all in coded languages. The Invisible Man manages to enter the room through Marvel’s help.   Suddenly, an unseen force grabs both of them by neck and begin pounding their heads on the table. He asked them about what they were doing with his belongings and demand his books, and some clothes also.   12)       Mr. Hall and Teddy Henfrey were in hotel bar and hear some strange noises from room and start investigating. Mrs. Hall thinks they are just spying on for fun. Suddenly, hear yelling of Mr. Huxter and everyone starts running after him and tripped same as Huxter was. Now,   Cuss came out of room and explain the whole incidence about Invisible Man snatched away his and Bunting’s clothes;   cuts telephone wires and break every window.   Have You Read? The Invisib...

Management as a Science: Science is a systematised body of knowledge  that explains certain general truth. Basic functions of science:   a)        Systematised body of knowledge: Scientific Principles are based on cause and effect relationship.   b)        Principles based on Experimentation: Scientific Principles are first developed through observation and then tested through repeated experimentation.     c)         Universal Validity: Scientific principles have universal validity and application.   Management as a systematised body of knowledge with its own theory and principles that have developed over a period of time; based on repeated experiments and observation which are universally applicable but they have to be modified according to the given situation. As the principles of management are not as exact as principles of pure science, so it may be called an ...

Objectives of Management: Management has to achieve its objectives efficiently and effectively. 1)       Organisational/ Economic Activities: The main objective of any organisation should be to utilise human and material resources. It includes survival, profit, and growth. a)        Survival: Management of an organisation must ensures survival of organisation by earning enough revenues to cover cost. b)        Profit: Management must ensure that organisation makes profit. It is essential to cover costs and risks of business. c)         Growth: It is important for every business to grow in long run in terms of employees, branches, etc. 2)     Social Objective: It involves creation of benefits or economic value for society. It includes- using environmental friendly methods of production, providing basic amenities, giving employment opportunities   to disad...

Bank: It is that financial institution which accepts deposit and grant loans to general public. Functions Of Bank: a)      a)  Accept Deposit:  Commercial Banks Accepts deposits from general public and provide interest to them on their deposits. By depositing money, General Public also get secured for their money. b)       b)  Advancing loan:  Commercial Banks provide loans to general public and take interest on loan. The difference between the interest provided and interest received is the income of the bank. Loan may be granted in the form of cash, reserves , overdraft, etc. Have You Read? Money and It's Supply     Money Creation by Commercial Banks: Commercial Banks increases flow of money in an economy by “Credit Creation”. The bank issues loans from their cash resources with confidence on their historical experience that all depositors will not withdraw their funds at a time. LRR or Legal Reserve Ratio is the...